The $330 million East Bay Municipal Utility District Employees' Retirement System, Oakland, Calif., is considering boosting its international equity allocation and adding another manager, said Lloyd J. Sawchuk, treasury manager. The board is considering moving the allocation to $50 million from the current $35 million.
``We could give the additional money to existing managers or look for a third manager,'' he said. ``We will decide by end of year on whether we will do a search.''
The board is considering whether to add a separate account or pooled fund, and also an emerging markets or EAFE-mandate manager.
Templeton and Wellington manage the fund's international allocation now, splitting $35 million in active EAFE pooled funds.